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What Does the Company Xunlei Actually Do?
Article

What Does the Company Xunlei Actually Do?

A Story About Xunlei CEO Chen Lei, Xiaomi and Blockchain

kooogle
TMTPost, 2018
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Editorial Rating

8

Qualities

  • Comprehensive
  • Analytical
  • For Experts

Recommendation

Riding the cryptocurrency hype, the unprofitable peer-to-peer download manager Xunlei became the hottest stock on NASDAQ in the final quarter of 2017 as its shares increased six times in value. But as the company’s 2018 stock declines show, dabbling in the cryptocurrency business is risky – particularly in China. As Xunlei continues to transition its business focus to blockchain cloud services, TMTPost writer with the pen name Kooogle traces the rocky cryptocurrency landscape and explains the parts that government regulators, skeptical investors and the frenzied enthusiasts play. Xunlei’s venture into the trending cryptocurrency business offers a fascinating look into China’s response to the hype. Kooogle also explains how Xunlei fits into the larger picture of China’s tech world. The article will be a challenging read for people unfamiliar with the blockchain and initial coin offerings (ICOs). Thus, getAbstract recommends it to readers already versed in crypto jargon.

Take-Aways

  • Xunlei, the Chinese tech company that made its name as a peer-to-peer download manager, was a hot topic in late 2017 and early 2018 – at least among investors.
  • Its stocks have been volatile, mainly because of the uncertain outlook of its blockchain product OneThing Cloud and its virtual currency LinkToken.
  • Long years of investments in peer-to-peer cloud technology and content delivery networks gives Xunlei many advantages over other new blockchain players.

About the Author

Kooogle (pen name) is a writer at tech media site TMTPost. 

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